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A broker's price opinion (BPO) is a report that is performed by a licensed real estate agent, broker. or appraiser.A BPO is an informal appraisal. It is similar to doing a CMA (Comparative Market Analysis) but most times the real estate professional gets paid to do a BPO.
Earned income refers to the money that you make from working, including salaries, wages, tips and professional fees. Unearned income, comparatively, is the money that you receive without ...
One of the most recognized professional organizations of real estate appraisers in America is the Appraisal Institute (AI). It was formed from the merger of the American Institute of Real Estate Appraisers and the Society of Real Estate Appraisers. Founded along with others in the 1930s, the two organizations merged in the 1990s to form the AI.
Effective gross income is the relationship or ratio between the sale price of the value of a property [clarification needed] and its effective gross rental income. The anticipated income from all operations of the real property after an allowance is made for a vacancy and collection losses.
This is simply the quotient of dividing the annual net operating income (NOI) by the appropriate capitalization rate (CAP rate). For income-producing real estate, the NOI is the net income of the real estate (but not the business interest) plus any interest expense and non-cash items (e.g. -- depreciation) minus a reserve for replacement.
Following the recession of 2008 real wages globally have stagnated [6] with a world average real wage growth rate of 2% in 2013. Africa, Eastern Europe, Central Asia, and Latin America have all experienced real wage growth of under 0.9% in 2013, whilst the developed countries of the OECD have experienced real wage growth of 0.2% in the same period.
The post Passive vs. Non-Passive Income: What's the Difference? appeared first on SmartReads by SmartAsset. The key to effective financial planning are two primary types of income: Passive and non ...
Wages/Salaries: This category includes earnings from labor income, such as regular wages and salaries. It constitutes approximately 60% of an individual's income and is an essential component of the national income and product accounts. Rent: Rental income earned by individuals from properties they own, such as homes, land, or equipment, is ...